Regulators fiddle while Rome set to burn.

By Sarah Snell Cooke|January 31, 2013 at 10:58 AM

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DDoS attacks have been confirmed that have taken down two credit unions and several large banks’ websites. It’s been proven our entire financial system is vulnerable. While stealing personal information doesn’t seem to have been at play, this is a critical concern for the entire financial services industry. The two confirmed, targeted credit unions were able to get their sites back up in a few hours, which is excellent news.

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The moral: The big ones, the tough ones, the public ones, are more important than the easy ones. Prosecution, be it criminal or ethical, sends an important message to the community. The current Cohen/Trump trashing of ethical values deserves our serious attention.